Vesta Corporation (www.trustvesta.com), a global pioneer and leader in electronic payments, and Jibe Mobile® (www.jibemobile.com), a real-time communications platform provider, today announced the introduction of an enhanced mobile payments application designed for operators and handset manufacturers. Vesta and Jibe will showcase the application at Mobile World Congress 2011.

Vesta will leverage Jibe’s App to App™ Platform to enable payments through a user’s handset for a variety of consumer goods and services. In addition to prepaid account top up and bill payment functionality, the offering incorporates Vesta-powered digital content and application purchases. Utilizing Jibe platform’s Rich Communication Suite (RCS) specification, the application will also enable peer-to-peer “gifted” purchases between subscribers. As with all of Vesta’s payment solutions, the application is 100 percent PCI compliant and fully indemnifies the operator against fraud losses.

The Jibe App to App Platform enables operators and developers to create richer mobile applications that allow consumers to enjoy an open and seamless communications experience. Jibe’s ability to leverage next-generation networks while maintaining compatibility with legacy and low tier devices reduces the time to market for developers launching innovative third-party applications.

Headquartered in Portland, Oregon, with operations in Europe and China, Vesta has been a pioneer and worldwide leader in electronic payment solutions since 1995. Vesta has established long-term, successful relationships with leading telecommunications and financial companies including AT&T, Boost Mobile, Bank of China, Bank of Ireland, Chase Paymentech, China Mobile, China Telecom, Green Dot, Metavante, NetSpend, O2, Sprint, T-Mobile, Verizon, and Vodafone. For more information, visit www.trustvesta.com.

About Jibe Mobile

Jibe Mobile is the first to bring the open, social, peer to peer nature of the web to mobile networks, empowering operators and third-party developers to easily and quickly launch mobile applications spanning legacy and leveraging investments in next generation networks. Applications include smart address book, rich instant messaging, media sharing, video calling, file sharing, gaming, and more. The company is privately-held with headquarters in San Francisco and offices in London, Dusseldorf and Tokyo. Additional information can be found at www.jibemobile.com.